Trends - Brent oil prices - Business Recorder

Brent oil prices

Oil pares gains after US data deflates expectations of near term rate cut

LONDON: Oil pared gains on Friday as demand concerns intensified after strong U.S. jobs data soured hopes of the...

Updated 07 Jun, 2024 08:10pm

BR Research

Oil stutters: Bounce back likely

Having dropped to the lowest since February 2024 – Brent oil is staging a comeback of sorts, and all signs indicate...

Published 07 Jun, 2024 08:09am

Markets

Oil drops more than $1 as OPEC+ decision spotlights shaky demand

LONDON: Oil prices fell more than $1 on Tuesday on scepticism about an OPEC+ decision to boost supply later this...

Updated 04 Jun, 2024 07:29pm

Markets

Oil dives 3%, OPEC+ decision fails to allay demand worries

NEW YORK: Oil prices tumbled more than $2 a barrel on Monday to multi-month lows, as investors worried about the...

Updated 03 Jun, 2024 09:04pm

OPEC+ extends deep oil production cuts into 2025

LONDON/DUBAI: OPEC+ agreed on Sunday to extend most of its deep oil output cuts well into 2025 as the group seeks to...

Updated 03 Jun, 2024 09:21am

Markets

Oil prices slip 1%, US jobless data and debt-ceiling talks weigh

NEW YORK: Oil prices slid about 1% on Thursday as a political standoff over the US debt ceiling stoked recession...

Updated 11 May, 2023 09:01pm

Markets

Oil falls on surprise increase in US inventories

LONDON: Oil prices fell on Wednesday, ending a three-day rally as an unexpected rise in U.S. oil inventories sparked...

Updated 10 May, 2023 07:05pm

Markets

Oil eases on lackluster Chinese import data, U.S. economy woes

HOUSTON: Oil prices fell on Tuesday, retreating from strong gains of the previous two sessions due to lackluster...

Updated 09 May, 2023 09:22pm

Markets

Oil climbs over 2% as recession fears begin to fade

NEW YORK: Oil prices rose over 2% on Monday as U.S. recession fears eased and some traders saw crude’s three-week...

Updated 08 May, 2023 08:44pm

Markets

Oil prices drop as US rate hike fears, weak China data offset supply cuts

TOKYO: Oil prices fell on Monday as jitters over the economic impact of the US Federal Reserve potentially raising...

Updated 01 May, 2023 12:18pm

Markets

Urals oil discounts narrow for India ports; FOB prices dip below Western price cap

NEW DELHI/MOSCOW: Urals crude oil differentials for May-loading cargoes for delivery to Indian ports narrowed amid...

Published 30 Apr, 2023 05:10am

Markets

Oil prices edge higher, growth worries limit gains

LONDON: Oil prices rose on Monday from an 8% drop last week on supply concerns, but was still trading near...

Updated 06 Feb, 2023 06:00pm

Markets

Oil falls about 3pc as strong US jobs data prompt interest rate concerns

NEW YORK: Oil prices fell to over three-week lows on Friday in a volatile session, after strong US jobs data raised...

Published 06 Feb, 2023 07:17am

Markets

Brent near $80 as market shrugs off Omicron

LONDON: Oil prices extended gains on Tuesday, with Brent crude trading near $80 a barrel despite the rapid spread of...

Published 28 Dec, 2021 05:44pm

Markets

WTI-Brent spread narrows as oil market tightens

North Sea Brent futures traded at a premium of $1.89 to US West Texas Intermediate (WTI) on Friday, its narrowest since Nov. 11.

Published 21 Jun, 2021 05:44pm

Markets

Oil prices fall on rising COVID-19 infections in Asia, inflation fears

"The Fed's very serious (about holding rates low), but the market's speculating about earlier movement," he said.

Published 19 May, 2021 02:55pm

Markets

Brent oil may retest resistance at $69.87

A break above $69.87 will not only open the way towards $71.38, but also confirm a wedge, which indicates a target around $80.

Published 10 May, 2021 11:09am

Markets

Brent oil may fall more to $67.14

In either case, oil is expected to retrace further over the next few days. Only a rise above $69.87 could confirm the continuation of the uptrend towards $71.38.

Published 06 May, 2021 11:58am

Markets

Forties oil work to drive drop in June Brent benchmark supply

Forties is normally the largest or second-largest of the five crude grades that underpins Brent, loading as many as 15 cargoes in a month. The other four grades are Ekofisk, Oseberg, Troll and Brent itself.
"It's going to be a tiny programme," one of the sources said, adding that the Hound Point terminal where Forties cargoes load would be closed for most of June.

Published 29 Apr, 2021 05:41pm

Markets

Brent oil may fall into $65.22-$65.73 range

The downward wave c is yet to develop, which may completely reverse the wave b.

Published 16 Apr, 2021 11:26am

Markets

Oil maintains upward momentum despite fresh coronavirus fears

Prices climb for third session but remain rangebound.
Oil higher on US inventory drop and improved demand outlook.
Weaker US dollar also supportive.
Spike in COVID-19 cases stokes concerns.

Updated 14 Apr, 2021 06:18pm

Markets

US oil neutral in $58.80-$60.04 range

On the daily chart, oil is stuck in a wider range of $57.88-$61.74.

Published 09 Apr, 2021 11:01am

Markets

Brent oil may test support at $61.22

On the daily chart, oil is consolidating around $62.91, the 38.2% retracement on the uptrend from $49.20 to $71.38.

Published 08 Apr, 2021 12:53pm

Markets

Brent oil may retest support at $61.22

This move followed the deep fall on Monday. Bears seem to have taken good control of the market.

Published 07 Apr, 2021 11:20am

Markets

Oil falls as demand concerns trump Suez Canal disruptions

India on Wednesday reported its highest one-day tally of new infections and deaths and said a new "double mutant" variant of the coronavirus had been found.

Published 25 Mar, 2021 02:50pm

Markets

Oil falls amid stockpiling concern; European vaccine woe threatens demand

Germany, France and Italy plan to suspend AstraZeneca PLC COVID-19 injections after reports of possible serious side effects, although the World Health Organization said there was no established link to the vaccine.

Published 16 Mar, 2021 12:34pm

Markets

Brent oil may test resistance at $67.94

On the daily chart, the current fall is considered as an accumulation for breaking a resistance at $71.75, the Jan. 8, 2020 high.

Published 10 Mar, 2021 10:49am

Markets

Oil hits 13-month highs as market re-balances

Prices rally as producers rein in supply.
Brent, WTI hit highest levels since January 2020.
US stimulus hopes, tighter supplies support rally.
Possible strike could hit Norway's crude production.

Published 15 Feb, 2021 07:12pm

Markets

Brent breaks $60 a barrel on oil demand recovery hopes

Crude has been on the rise for weeks as Biden pushes his $1.9 trillion rescue package, which includes big cash handouts and a hike in the minimum wage.

Published 08 Feb, 2021 06:03pm

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Dec 20	278.48
USD PKR Interbank Buying / Dec 20	278.28
USD to Japanese Yen / Dec 20	156.31
USD to Swiss Franc / Dec 20	0.89
Pound Sterling to USD / Dec 20	1.26
Euro to USD / Dec 20	1.04

Stock	Volume
S&P 500 / Dec 20	5,930.85
India Sensex / Dec 20	78,041.59
Tokyo Nikkei / Dec 20	38,701.90
Nasdaq / Dec 20	19,572.60
Hang Seng / Dec 20	19,720.70
FTSE 100 / Dec 20	8,084.36
Dow Jones / Dec 20	42,840.26
Germany DAX 30 / Dec 20	19,884.75

Item	Value
Crude Oil USD/Barrel / Dec 20	69.46
Gold 10 Grams PKR / Dec 20	234,311
Gold Spot USD/Ounce / Dec 20	2,622.91
Cotton US¢/pound / Dec 20	68.06
Karachi Cotton PKR/37.32 KG / Dec 21	17,585
Petrol/Litre / Dec 22	252.10

Gainers
Losers
Leaders

Stock	Price
Media Times Ltd / Dec 20 Media Times Limited(MDTL)	2.37 ▲ 0.37 (18.50%)
Pace (Pak) Ltd. / Dec 20 Pace (Pakistan) Limited(PACE)	7.23 ▲ 1.00 (16.05%)
Ist.Capital Sec / Dec 20 First Capital Securities Corporation(FCSC)	2.12 ▲ 0.26 (13.98%)
Khalid Siraj / Dec 20 Khalid Siraj Textile Mills Limited(KSTM)	9.60 ▲ 0.97 (11.24%)
Aruj Industries / Dec 20 Aruj Industries Limited(ARUJ)	9.90 ▲ 0.98 (10.99%)
Escorts Bank / Dec 20 Escorts Investment Bank Limited(ESBL)	4.79 ▲ 0.47 (10.88%)
Cresent Jute / Dec 20 Crescent Jute Products Limited(CJPL)	4.20 ▲ 0.40 (10.53%)
S.G.Power / Dec 20 S.G. Power Limited(SGPL)	11.19 ▲ 1.02 (10.03%)
P.T.C.L. / Dec 20 Pakistan Telecommunication Company Ltd(PTC)	25.80 ▲ 2.35 (10.02%)

Stock	Price
LSE Financial Serv. / Dec 20 LSE Financial Services Limited(LSEFSL)	16.25 ▼ -1.81 (-10.02%)
Dar-es-Salaam / Dec 20 Dar-es-Salaam Textile Mills Limited(DSML)	41.93 ▼ -4.66 (-10.00%)
Maqbool Tex. / Dec 20 Maqbool Textile Mills Limited(MQTM)	31.05 ▼ -3.45 (-10.00%)
Reliance Cotton / Dec 20 Reliance Cotton Spinning Mills Limited(RCML)	621 ▼ -69.00 (-10.00%)
Sanghar Sugar / Dec 20 Sanghar Sugar Mills Limited(SANSM)	27.72 ▼ -3.08 (-10.00%)
Olympia Mills / Dec 20 Olympia Mills Limited(OML)	34.58 ▼ -3.84 (-9.99%)
Nagina Cot. / Dec 20 Nagina Cotton Mills Limited(NAGC)	48.92 ▼ -5.41 (-9.96%)
Oilboy Energy / Dec 20 Oilboy Energy Limited(OBOY)	11.39 ▼ -1.26 (-9.96%)
Arpak Int. / Dec 20 Arpak International Investments Ltd.(ARPAK)	65.22 ▼ -7.19 (-9.93%)

Stock	Volume
WorldCall Telecom / Dec 20 Worldcall Telecom Limited(WTL)	177,645,248 ▲ 0.10
K-Electric Ltd. / Dec 20 K-Electric Limited(KEL)	81,901,542 ▲ 0.16
Cnergyico PK / Dec 20 Cnergyico PK Limited(CNERGY)	68,345,098 ▲ 0.12
Pak Elektron / Dec 20 Pak Elektron Limited(PAEL)	57,974,101 ▲ 1.47
Pak Refinery / Dec 20 Pakistan Refinery Limited(PRL)	45,251,944 ▲ 0.40
Pace (Pak) Ltd. / Dec 20 Pace (Pakistan) Limited(PACE)	43,240,462 ▲ 1.00
Sui South Gas / Dec 20 Sui Southern Gas Company Limited(SSGC)	40,539,001 ▼ -0.74
B.O.Punjab / Dec 20 The Bank of Punjab(BOP)	35,598,669 ▲ 0.24
Symmetry Group / Dec 20 Symmetry Group Limited(SYM)	34,869,613 ▼ -0.72

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